HedgeCo.Net — Palmer Square Capital Management has raised about $240.8 million for Palmer Square Excelsior Investments Fund, LLC, according to Hedgeweek and Form D coverage dated around September 17–18, 2026. Filings cited in the reports show $240,825,553 sold to date in an exempt securities offering for a Delaware limited liability company classified as both a pooled investment vehicle and a hedge fund.
Palmer Square Capital Management is identified as managing member and investment adviser. The offering is described as open with no stated maximum size, consistent with an indefinite Form D raise rather than a hard-capped close. Palmer Square is a Kansas-based credit and fixed-income specialist; the allocator object is a continuing hedge-fund sleeve, not a disclosed final close at a hard cap.
This is Form D / trade-press reporting, not a firm “final close” PR. Mark the $240,825,553 sold-to-date figure, the Delaware LLC / pooled + hedge-fund classification, the open offering, and Palmer Square’s adviser role as sourced. Do not invent strategy AUM, a hard cap, or LP names beyond the published tape.